Market value of unquoted preference shares

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.... an unquoted preference share of any company shall-- (a) where the preference share is issued before the valuation date at a rate of dividend of not less than eight per cent, be the paid-up value of such share; and (b) where the preference share is issued before the valuation date at a rate of dividend of less than eight per cent, be the adjusted paid-up value of such share. (2) Where no div....

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....een paid. Rate of deduction 1 2 Three years Four years Five years Six years and above 10 per cent of the paid-up value or the adjusted paid-up value, as the case may be 20 -do- 30 -do- 40 -do- (b) in the case of a cumulative preference share, one-half of the rates specified in the aforesaid Table. Explanation.--For the purposes of this rule, "adjusted paid-up value", in relation ....